Jadwa Investment names new chief for private equity and investment banking
RIYADH: Jadwa Investment, a leading Saudi investment firm with headquarters in Riyadh, has announced the appointment of Saad Al-Saif as managing director and head of private equity and investment banking.
The appointment is part of an ongoing effort on the part of Jadwa to strengthen its management team tasked with leading the firm’s new business strategy.
Al-Saif will be responsible for leading Jadwa’s private equity and investment banking business and guiding its growth plans.
Al-Saif has a longstanding track record of more than 13 years in private equity, investment banking, debt and equity capital markets, and Islamic finance with a transactional experience exceeding SR25 billion.
Prior to joining Jadwa in 2008, he was a senior manager, debt capital markets at HSBC Saudi Arabia and earlier in his career a Manager at The Saudi British Bank “SABB”, an affiliate of HSBC Group.
Commenting on the appointment, Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, said: “This is an exciting time for the entire region with capital markets activity picking up steadily, and Saad brings world-class expertise in this area to the Jadwa Investment team.”
He said: “Private equity is also key to the growth of the Saudi economy and we look forward to Saad’s leadership in this space, to both tap into new opportunities and also manage our relationships with existing partners.”
For his part, Al-Saif said: “The quality of Jadwa Investment’s portfolio is a testament to its talented and exceptional team. Having such an experienced team undoubtedly gives Jadwa a real edge in further developing and expanding its private equity and investment banking service offering.”